Wanna hear the best crypto news of this year? BTC bulls are in full control!
Have a look at the 200 week MA (blue). The last bearcycle ended after touching this magical line 5 times. And now we are there again, already completed the second touch of the 200 week MA:
This projection shows two things. One, that we are in the accumulation phase which could take up to another full year to complete. And two, that BTC will likely reach 100k in 2021 (and possibly much more than that)
The MA cross shows us exactly where we are in this cycle (red arrows).
This chart made my day... stay tuned my fellow HODLers.
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